Settings8H · net · $10k
Funding arb · Price arb /

CELO

all CELO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against OKX+0.148%7-day average +0.109% · you sell dearer than you buy
Net, funding: paid 7d − costs−$387as in the Funding arb table
Net, price: spread back to 7d avg − costs−$386as in the Price arb table
costs, in and out, $10k−$3903.903% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.034%+$3 on $10k
Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.148%, 7d avg +0.109%
Together, before fees−0.048%−$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.039% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.109%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX CELO-USDT-SWAP0.094360.0100pay 0.0100% / 8h6h 09m$490K$1.0M20x
ShortGate CELO_USDT0.094500.0100get 0.0100% / 8h6h 09m$99K$43K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against OKX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.148% → +0.109%
$3.89
Slippage, 4 orders
−$365.31
Fee OKX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$386.42
Costs to cover
3.903%
Break-even
never at this rate
Slippage from OKX: live order book, 2 min ago; Gate: live order book, 51 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 2 min ago4.24 bp47.3 bp −$47doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 51 min ago7.95 bp106.6 bp −$107doesn't fitdoesn't fitdoesn't fit

CELO on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_CELOUSD−0.0823%1h0.09460+0.256%$19K$8K10xas long as short
Variational Omni CELO+0.0013%8h0.09427−0.097%$10K$906as long as short
Hyperliquid CELO+0.0100%1h0.09440+0.038%$204K$219K3xas long as short
Binance CELOUSDT+0.0100%8h0.09453+0.180%$1.9M$4.1M50xas long as short
Bybit CELOUSDT+0.0100%8h0.09440+0.042%$1.3M$920K50xas long as short
OKX CELO-USDT-SWAPlong+0.0100%8h0.09436long leg$490K$1.0M20x
Gate CELO_USDTshort+0.0100%8h0.09450+0.148%$99K$43K50x
MEXC CELO_USDT+0.0100%8h0.09437+0.011%$595K$273K50xas long as short
KuCoin CELOUSDTM+0.0100%8h0.09440+0.042%$327K$274K50xas long as short
Bitget CELOUSDT+0.0100%8h0.09438+0.021%$857K$480K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX CELO-USDT+0.0100%8h0.09451+0.159%$2.4Mas long as short
Injective CELO/USDC PERP+0.5000%1h0.1002+6.189%$756$6055.5xas long as short